Lenovo's chief executive has given a $3m bonus he received for bumper results to thousands of the computer manufacturer's lower-paid workers, reports say.
Yang Yuanqing had been given the extra cash on top of his usual bonus in May, following a Chinese report stated that Yang had distributed the money among 10,000 workers, such as those in Lenovo's call centres and on its production lines.that accompanied Lenovo's ascension to the number-two PC-maker spot, just behind HP. On Thursday,
The 'Yuanqing rewards' averaged out at 2,000 yuan, or $314 (£200), which is slightly less than a month's salary for many workers in China's technology manufacturing plants.
According to CNN, Yang's total earnings for the fiscal year that ended in March amounted to $14m.
Analyst figureswithin the coming months, albeit at a lower profit margin.
While Lenovo has been around for almost three decades, it has become a prominent brand in the West since 2005, when it bought IBM's PC business, including the lucrative ThinkPad line.